Phil Mickelson’s extraordinary gambling losses, and the exorbitant expenses detailed in an excerpt from a new book

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Phil Mickelson’s gambling losses were highlighted Thursday in an excerpt from an upcoming biography.

While investigating Mickelson for his alleged role in an insider trading scheme, federal auditors discovered that his gambling losses amounted to more than $40 million from 2010 to 2014, according to a book excerpt from Alan Shipbank.

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Phil Mickelson kicks off during day three of the Saudi Public Investment Fund International at Royal Greens Golf & Country Club on February 5, 2022, in Al Muruj, Saudi Arabia.
(Oisin Keniry / Getty Images)

The biographer wrote that auditors investigated Lifty’s finances over a four-year period, from 2010 to 2014. The author cited a source with direct access to the documents. The annual income of the golf star in 2012 was estimated at about $48 million. He made about $1 million in one week from his Dean Foods stock transaction.

The book also said that Mickelson’s split from old canister Jim McKay in 2017 was largely money-related and that Mickelson owed the can thousands of dollars in late payment.

Shipnuck also mentioned other land expenses.

“Throw away all the other expenses of a big life—like an actual T. Rex skull for a birthday present—and that leaves, what, $10 million?” Shipnuck Books, via The Firepit Collective. “According to government scrutiny, that’s roughly the amount of Mickelson’s average annual gambling losses. (And we don’t know what we don’t.) In other words, it’s very likely that he was barely a tiebreaker, or maybe even in the red. Mickelson’s income fell dramatically during His non-winning years from 2014 to 17”.

Quick Bounce: Philip Mickelson Makes His Comments About the Saudi Golf League: Report

Phil Mickelson hits the tee on the fifth hole of the South Course at Torrey Pines during the first round of the Farmers Insurance Open on January 26, 2022, in San Diego.

Phil Mickelson hits the tee on the fifth hole of the South Course at Torrey Pines during the first round of the Farmers Insurance Open on January 26, 2022, in San Diego.
(AP Photo/Denis Boroy)

“Phil: The Rip-Roaring (and Unauthorized!) The Autobiography of Golf’s Most Colorful Star” is due for release later this month.

The excerpts about Mickelson’s alleged leniency towards human rights abuses in Saudi Arabia and his decision to join the Saudi-backed golf league also raised eyebrows.

Shipnuck posted a story based on a phone interview on The Firepit Collective.

“They’re scary moms to get involved,” Mickelson reportedly said. “We know they were killed [Washington Post reporter Jamal] Khashoggi has an appalling human rights record. They execute people there for being gay. Knowing all this, why am I even thinking about it? Because this is a once in a lifetime opportunity to reshape how the PGA Tour works.

“They were able to overcome manipulative, coercive and strong-arm tactics because we, the players, had no sanctuary. Nice guy like [PGA Tour commissioner Jay Monahan] It comes as, unless you have leverage, it won’t do the right thing. Saudi money has finally given us that leverage. I’m not even sure I want [the Saudi golf league] To achieve success, but just the idea of ​​it allows us to get things done using [PGA] a trip.”

Phil Mickelson speaks to the media during a training tour prior to PIF Saudi International at Royal Greens Golf and Country Club February 2, 2022, in Al Muruj, Saudi Arabia.

Phil Mickelson speaks to the media during a training tour prior to PIF Saudi International at Royal Greens Golf and Country Club February 2, 2022, in Al Muruj, Saudi Arabia.
(Luke Walker/WME IMG/WME IMG via Getty Images)

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Mickelson later apologized for those remarks.

The Associated Press contributed to this report.

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